Finance Minister Nirmala Sitharaman has presented a very progressive budget. Giving relief in income tax will give encouragement to invest in India. Also, the kind of relief given in different fields will also get a lot of benefit. The immediate effect of this budget will be that for Indian investment, he was turning to abroad like Dubai and other countries, it will be reduced. This has also encouraged farmers.
Second, another big thing in this budget is that the income of 12 lakhs has been kept tax free. This can be understood in two ways. The most taxpayers are the middle class people. In such a situation, the number of tax payers will be reduced. While they get relief from tax, then they will take the remaining money in the tax towards investment and job. Those above 12 lakh will also have to pay tax at 15 percent, which used to be 20 percent earlier. That is, it is also a relief to those people.
Budget will work like Esteroid"Text-Align: justify;"> It will work like an asteroid at the economy. The speed of GDP had slowed down and it needed to get emphasis, in such a situation, the first of the first term of the Modi government will definitely get strength. Apart from this, emphasis is also being seen on other sectors, such as electricity, mining, iron, steel and construction area. & Nbsp;
Another thing that was seen to be special is that Nirmala Sitharaman came wearing a saree with Madhubani paintings on the day of the budget. Seeing Nirmala Sitharaman in this dress, people of Bihar and Mithila region must have got a lot of happiness. He honored the art there. Bihar will also have industrial benefits. & Nbsp;
farmers to the big gift & nbsp;
This budget will work to boost GDP in the country’s economy. The growth rate of the economy of the country will be strengthened. Capital Gen Tax has also been exempted. The central government gave a big toffee to the farmer, in which the farmer has increased the credit card limit to Rs 3 lakh instead of Rs 3 lakh. With this, farmers will get relief in the money they needed as fertilizer for investment.
The middle class is the backbone of democracy in a way, this is also the largest consumer class. The middle class gives tax-GST. Industrial production, fashion production is the most used by the people of the middle class. The tax that is in it also pays the middle class. In such a situation, after getting relief from the middle class, this class will move towards prosperity. If there is savings, then the demand will also increase. The GDP growth rate was slowing down, it would grow rapidly. The middle class has a big hand in the success of democracy in India.
Middle class’s big role in economy
The number of upper class in the country is difficult between 5% to 10%. While the rest of the lower income group is with poverty line or slightly above, they are not consumers of such things. They consume at least things. It is dependent on the minimum requirement, which has bread, cloth and house. But as far as it is concerned about large -scale consumption, which will promote industry and production, they are middle classes. & Nbsp;
The middle class is the soul of the country. This includes Teaching Community to White Caller Job. There are a large number of teachers inside the villages. Lower middle class is also included in the middle class. Apart from this, the loan limit of startup and relief in interest is also a progressive step of the government. This will definitely give the start up boost up.
(Note- The above views are the personal views of the author. It is not necessary that ABP News Group agrees. Only the writer is responsible for all the claims or objections related to this article.) & Nbsp; < Strong>
(Tagstotranslate) Budget (T) Budget 2025 (T) Union Budget (T) NIRMALA SITHARAMAN (T) Finance Minister
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